Category: Health Care

People who were born after the World War II conflict in 1946 and before the Vietnam War are considered to be the baby boomer generation. This generation is called the baby boomers generation because of the significant increase of birth rates during these times. In fact, there were about 78 million baby boomers born in the United States between the years 1946 and 1964. People had more time to do other things than fight throughout this time ;o)

The baby boomer generation is considered to be the era where it was the turning point of the political and cultural status of the United States. This is because they came of age during the civil rights protest and they were the ones who fought for more freedom and against discrimination. In political view, baby boomers are one of the contributors of what made America what it is today. The United States is freer and thanks to the boomer generation, there is no discrimination in employment, regardless in race, creed, gender and age.

So, if you find it easy to find work even if you are African American or a female, you have to thank the baby boomers for it. You are now living a comfortable life because the baby boomers generation fought for your civil rights.

Culturally speaking, boomers also contributed a lot in music and art. The music you hear today took root in the baby boomers era. The baby boomers generation is the era where Rock music started and this is also an era where Rhythm and Blues became popular.

Today, you can never avoid the fact that baby boomers are now aging. And because the baby boomers population is one of the largest in the United States, there have been questions about health care and retirement benefits for these people. The fact that they make up 22% of the American population, and is considered quite a lot in the United States, you will see that the government is taking all the necessary measures to provide retirement and health benefits to this generation.

Because of the low amount of savings by most boomers, the retirement and health benefits can slow the economic growth of the United States. Some experts also predicts that without taking the necessary steps, current financial pressures that faces the United States government programs, such as Medicare and Social Security will increase.

You should consider that in the past, because of the baby boomers generation population, the United States benefited a lot and is continually benefiting today. The workforce is at an all time high and financial income for the United States is quite also at a high rate. However, in the near future, you will see that the demographic rate will shift. The lower birth rate in the succeeding generation will result in fewer workforce and higher retiring people, generally from the baby boomers era.

The government and private organizations are now taking the necessary steps to increase the financial stability and also the benefits for them when they are now in the age of retirement. Today, retirement homes are now being erected by the government and private organizations to help cope up with the expected increase in retirement population that are generally baby boomers.

The United States is now also shifting their attention to finance the retirement of baby boomers. They now made a new kind of retirement system for baby boomers in order to accommodate the total expected retirement population in the near future. Mortality rate of the baby boomers era is also expected to decrease because of the state-of-the-art medical care available today.

Places for retirement are now also being organized by the government and some private organizations. Some are now erecting retirement homes, and others are now making plots of lands across the United States available for retirees.

Social Security and Medicare programs are also increasing their budget to accommodate the expected population growth of retirees in the near future. Because of the baby boomers era, retirement and health care became one of the primary concerns of the United States government. However, because they are now taking all the necessary steps in providing benefits for the retirees, the concerns are now decreasing and people can now sleep well without worrying about the retirement benefits that they will get from the government and other private organizations.

The baby boomers era is one of the major contributors in the society today. They play a significant role in the political, cultural, academics and in the industrial sector today. It is just right that the government should be able to provide for these people once they retire.

Did you know that 40% of people who need long term care insurance are under age 65?

You are not too young to think about LTCI

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It’s not just for rich people as many people believe.

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Many people are under the impression that Medicare and Medicaid will pay for all your long term care needs. Get the facts.

Many people don’t realize the Medicare provides only limited coverage. Long Term Care Insurance helps you to protect your assets and ensure that you will be cared for after retirement. Get a free guide to Long Term Care Insurance.

If you could trade $1 and get $8 worth of goods and services back, how many dollars would you invest?

If you could preserve your retirement savings for one tenth of the cost then why wouldn’t you want to learn more about it?

More and more people are being blindsided by this often forgotten cost that sneaks up on people and wipes out their retirement savings in a few years instead of it lasting for 20-30 years – the length of the average retirement.

So what is this cost that if you get it you can get a 800% ROI on your money?

Health insurance, long term care insurance to be more exact.

With the rocketing costs of health care and nursing homes, millions of baby boomers need to plan to pay for health care and assisted living.

If you plan ahead, you can avoid shelling out all your retirement savings on health care.

In order to protect yourself, you should look into long term care insurance. Long term care insurance can help you preserve your assets and take care of you in your latter years of your retirement. And no, long term care is not just for nursing homes, it also includes home health care where you can have your own nurse or CNA help you perform your daily activities.

And, long term care insurance is not just for “rich” people. Anyone who has a retirement income of over $35,000 should look into long term care.

Make sure you have long term care insurance on your retirement planning checklist
Experts warn that more than 95 percent of U.S. boomers are unprepared for long-term-care needs associated with living a long life.

Jesse Slome, executive director of the American Association for Long-Term Care Insurance, says most people acknowledge it’s a mistake to put off retirement planning until age 60, but not enough realize the same is true for planning for long-term care.
“Those who delay long-term-care planning until after retirement may find themselves unprotected against a risk that could wipe out their retirement savings,” says Slome.
Healthcare and long-term-care costs have increased faster than the Consumer Price Index, according to some studies.
“In 15 years, today’s 60-year-old can expect to pay $80,000 to $120,000 for a single year of care,” Slome said.
“For those who are uninsured, the cost of long-term care for even two or three years can wipe out one’s retirement savings.”
Insurance companies offer incentives for individuals who are in good health when applying for long-term-care coverage, so payments cost less if insurance is purchased when you are younger and in good health.
-Adam